R12: AP: Are Credit Memos Created for the Tax Authority When Withholding Is Created on a Standard Invoice and a Prepayment Invoice That is Applied to the Standard Invoice?
Last updated on MARCH 08, 2017
Applies to:Oracle Payables - Version 22.214.171.124 and later
Information in this document applies to any platform.
A prepayment invoice is created with withholding tax. It is validated and applied, and an invoice is automatically created for the tax authority . A standard invoice is also created with withholding tax, and it is validated. So, another invoice is automatically created for the tax authority. Then, the prepayment is applied to the standard invoice. Is a credit memo automatically created for the tax authority?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms